Effect of Democracy on log GPD per Capita, 1789-2014
            &      e1_add&      e2_add&      e3_add&      e4_add&   e1gmm_add&   e2gmm_add&   e3gmm_add&   e4gmm_add\\
            &     Model 1&     Model 1&     Model 1&     Model 1&     Model 1&     Model 1&     Model 1&     Model 1\\
Democracy   &       0.526&       0.346&       0.321&       0.313&       0.525&       0.339&       0.306&       0.316\\
            &      (0.32)&      (0.19)&      (0.20)&      (0.20)&      (0.31)&      (0.19)&      (0.20)&      (0.20)\\
log GDP, first lag&       0.983&       1.503&       1.466&       1.467&       0.980&       1.498&       1.462&       1.468\\
            &      (0.00)&      (0.03)&      (0.03)&      (0.03)&      (0.00)&      (0.03)&      (0.03)&      (0.03)\\
log GDP, second lag&       0.000&      -0.516&      -0.323&      -0.183&       0.000&      -0.513&      -0.319&      -0.267\\
            &         (.)&      (0.03)&      (0.04)&      (0.14)&         (.)&      (0.03)&      (0.04)&      (0.16)\\
log GDP, third lag&       0.000&       0.000&      -0.176&      -0.423&       0.000&       0.000&      -0.176&      -0.324\\
            &         (.)&         (.)&      (0.03)&      (0.15)&         (.)&         (.)&      (0.03)&      (0.17)\\
log GDP, fourth lag&       0.000&       0.000&       0.018&      -0.014&       0.000&       0.000&       0.017&      -0.012\\
            &         (.)&         (.)&      (0.02)&      (0.03)&         (.)&         (.)&      (0.02)&      (0.03)\\
log GDP, fifth lag&            &            &            &       0.062&            &            &            &       0.047\\
            &            &            &            &      (0.02)&            &            &            &      (0.03)\\
log GDP, sixth lag&            &            &            &      -0.043&            &            &            &      -0.039\\
            &            &            &            &      (0.03)&            &            &            &      (0.03)\\
log GDP, seventh lag&            &            &            &      -0.142&            &            &            &      -0.062\\
            &            &            &            &      (0.13)&            &            &            &      (0.15)\\
log GDP, eighth lag&            &            &            &       0.262&            &            &            &       0.174\\
            &            &            &            &      (0.14)&            &            &            &      (0.16)\\
Long-run effect of democracy&      30.987&      25.708&      21.928&      22.451&      26.048&      22.163&      18.652&      19.847\\
            &     (20.68)&     (15.62)&     (14.62)&     (15.23)&     (16.89)&     (13.39)&     (12.71)&     (13.15)\\
Effect of democracy after 25 years&      10.787&      12.864&      13.647&       7.896&      10.386&      12.102&      12.493&       7.575\\
            &      (6.63)&      (7.46)&      (9.00)&      (6.92)&      (6.31)&      (7.11)&      (8.53)&      (6.02)\\
Persistence of GDP process&       0.983&       0.987&       0.985&       0.986&       0.980&       0.985&       0.984&       0.984\\
            &      (0.00)&      (0.00)&      (0.00)&      (0.00)&      (0.00)&      (0.00)&      (0.00)&      (0.00)\\
Observations&       12739&       12596&       12311&       11743&       12552&       12409&       12125&       11557\\
Countries in sample&            &            &            &            &            &            &            &            \\
